Frequently Asked Questions about Citibank Step-Up Interest Account

Things you might want to know

What is Citibank Step-Up Interest Account about?

Citibank Step-Up Interest Account is an interest-bearing current account that is ideal for savings purpose as you can yield a high interest every month when you keep a steady habit of depositing money into this current account every month.

How does the step-up interest work?

You can step up your current account's interest rate to maximum 2.30%p.a. by summing up your Base Interest (basic interest rewarded every month) and Bonus Interest (reward interest for savings increment).

Generally, you will receive a Base Interest of 0.50%p.a. on your first deposit, which is a minimum of RM2,000. Then, there is a Bonus Interest of 0.15%p.a. every month calculated on your balance, on top of your Base Rate, when you make a savings increment of RM500 from the previous month.

If your average balance short of RM500 from the balance of the previous month, or not increasing in the upcoming month, your savings effort will not go down the drain as there is a 'Safety Net' feature built in to help you continue enjoying growing interest.

When can I earn the returns from step-up interest?

You can harvest the fruit of your savings discipline every month as the interests (Base Interest and Bonus Interest) are calculated daily on your average balance. Isn't that great to experience wealth abundance (besides your salary) at the end of every month?

What do I get upon opening of this Citibank current account?

There are more than meet the eyes with Citibank Step-Up Interest Account, such as:

Citibank Debit & ATM card and a personalized cheque book will be issued to you within 3 days after successful account opening

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